Cement News tagged under: Egypt
Egypt: Arabian Cement’s profit decline 32% in 9M1424 October 2014, Published under Cement NewsEgypt's Arabian Cement made a EGP209.57m (US$29.3m) post-tax net profit for the nine months to 30 September, according to the unaudited standalone financial results. The firm posted EGP309.3m for the same period a year earlier. Cement sales increased 17 per cent to EGP1.78bn, up from EGP1.53bn. |
Saudi Arabia: Al Sawfa Cement orders a new EUR100m production line21 October 2014, Published under Cement NewsThyssenKrupp Industrial Solutions has received an order from Al Sawfa Cement Company, Saudi Arabia, to build a complete cement production line. The order is worth around EUR100m. The new 5300tpd cement clinker production plant will be constructed parallel to the existing line in Jabal Farasan, approximately 150km northeast of Jeddah. The existing cement production line, which was also supplied by ThyssenKrupp Industrial Solutions, has been in operation since 2009. ThyssenKrupp Industrial ... |
HAZEMAG & EPR wins three new MEA cement contracts17 October 2014, Published under Cement NewsMaterials processing and crushing specialists HAZEMAG & EPR has received a trio of orders in the Middle East and Africa during the third quarter of this year. El Arish's new production line in Egypt In September 2014 HAZEMAG & EPR received an order from the Chinese plant manufacturer CDI for the delivery of components for the precrushing of cement raw material and gypsum for El Arish's new line in Egypt. The new delivery comprises a HPI 2000 impact crusher for crushing 1900tph of limest... |
Beni Suef reaches agreement to build coal mill, Egypt16 October 2014, Published under Cement NewsBeni Suef has reached an agreement to build a coal mill worth in 12 months, the cement producer announced in a statement to the stock market. The project, worth EGP200m, will be funded through self-financing and loans, the company added. It is expected to be completed by the end of 2015. |
Unitherm has successfully delivered several burners to Egypt13 October 2014, Published under Cement NewsAs part of the of the country's fuel diversification, Cemex Egypt awarded Unitherm Cemcon with the delivery of three MAS burners. These burners range from 97-105MW and are capable of firing petcoke/coal, heavy fuel oil, liquid and solid secondary fuels. After the successful supply of a new rotary kiln burner for Titan Beni Suef kiln 2 last year, Unitherm Cemcon is currently manufacturing another M.A.S. multifuel burner for kiln 1 in the same plant, which will be delivered by the end of the... |
Egypt: Suez Cement to close Tourah Factory 106 October 2014, Published under Cement NewsSuez Cement Co has voluntarily agreed to close its Tourah Factory 1 to comply with the local government's policy to reduce the number of facilities that do not meet environmental standards. The Egypt-base producer has instead chosen to invest in excess of EGP500m in environmental mitigation measures at its Tourah Factory 2, local newspaper Al Mal News said yesterday. |
Egypt: National Cement swings to full-year loss03 October 2014, Published under Cement NewsNational Cement Co swung to a net loss of EGP138.4m (US$19.35m) in the fiscal year ended 30 June 2014 from a net profit of EGP93.5m for the year-earlier period. The pretax loss for the reported 12 months amounted to EGP135.5m, versus a pretax profit of EGP93.31m. The Egypt-based producer attributed the sharp negative change in its financial performance to two main factors: lower production costs of its competitors and discounts prices amid fierce market competition. |
South Valley Cement 1H net profit reaches EGP64.9m25 September 2014, Published under Cement NewsEgyptian cement producer South Valley Cement Co said yesterday its first-half net profit increased to EGP64.9m (US$9.07m). In the comparative period of the previous year, the company’s net profit stood at EGP 57.8m. |
Suez Cement plant to switch to coal19 September 2014, Published under Cement NewsItalcementi Group is looking to find a long-term solution to the fuel shortage problems it faces in Egypt with its subsidiary Suez Cement. Suez Cement needs to find a reliable fuel source for its cement plants to keep its 18 per cent of local cement sales. The Suez plant will use coal next November, while two of the group’s its other factories in Tora and Helwan will start in two years' time, said Suez Cement Co CEO, Omar Mehanna. “We will begin using coal to generate energy for cement prod... |
Beni Suef Cement gas and diesel supply halted10 September 2014, Published under Cement NewsBeni Suef Cement announced that gas and diesel supply to its factories has stopped since 26 August 2014, according to a bourse statement on Monday. The firm added that when energy supply was halted, it had storage and a stock of clinker which prevented the company from being impacted during the period. Petroleum ministry said that the halt was occasional and will be resumed as soon as possible. He said it was not reported to the stock exchange because it did not have an effect at that ... |